Tether's Juventus Bid Rejected Swiftly
Tether's Bold Bid to Acquire Juventus Stake Cryptocurrency firm Tether has made a significant move in the sports industry by submitting a bid to acquire the entire stake of Juventus Football Club from its main shareholder, Exor. The offer, which was announced on Friday, came as a surprise to many, given that the club has long been considered a family asset under the Agnelli dynasty. According to a source close to Exor, the holding company of the Agnelli family, which has controlled Juventus since 1923, the club is not for sale. This statement underscores the deep-rooted connection between the family and the football club, which has been a cornerstone of Italian football for over a century. Tether, known for its stablecoin USDT, already holds an 11.5% stake in Juventus. In a recent statement, the company revealed that it had submitted a binding all-cash proposal to Exor to acquire the remaining shares. The current stake held by Exor stands at 65.4%, making this a substantial acq...